Major Foreign Co Buys Tender Papers for Gas Exploration in Bulgarian Offshore Block

Major Foreign Co Buys Tender Papers for Gas Exploration in Bulgarian Offshore Block

A major foreign company has bought documents to take part in a tender for awarding a licence for oil and natural gas exploration in the Bulgarian section of the Black Sea, energy ministry Delyan Dobrev said.

Bids for the licence can be placed until May 27, the ministry said in a statement.

In October, the Bulgarian government decided to open a procedure for awarding a five-year licence for oil and natural gas exploration in the 4,032 square kilometre Block 1-22 Teres. In the event of commercial discovery, the concessionaire will be automatically granted permission to produce from the field.

 

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.